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September 7th - The new generation Huawei MatePad Air was officially released on September 7th. Weighing 509g and 5.3mm thick, its the first MatePad Air series to feature an OLED screen, boasting a super-bright OLED Cloud Clear Soft Light Display with a peak brightness of up to 2000 nits. It supports 66W SuperCharge and a stylus, and is available in five colors. The Enjoy Edition starts at 4499 yuan, and the standard version starts at 5299 yuan.Jaguar Land Rover CEO: We will lay off approximately 4,000 employees globally over the next two years.British Chancellor of the Exchequer Healy: I will not comment on tax policy before the budget.On September 7, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Mexican Foreign Minister Velasco in Beijing. Wang Yi stated that the theme of this years APEC "Year of China" is "Building an Asia-Pacific Community for Common Prosperity." China is willing to take the opportunity of hosting APEC activities to work with all parties to revitalize the Asia-Pacific community and activate the process of the Free Trade Area of the Asia-Pacific. China and Mexico share similar positions on many international and regional issues, and China is willing to strengthen strategic cooperation with Mexico on the international and multilateral stage, safeguard the legitimate interests of both countries, and jointly strive for the unity and self-reliance of the Global South.On September 7th, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the "Notice on Promoting the Standardization of Supplier Payments and Optimization of Payment Terms Management for Automobile Enterprises." This is the first national-level document on payment terms management for the automotive industry and a key measure concerning the construction of the industrial ecosystem. The "Notice" addresses the issue of supplier payments for automobile enterprises in five aspects, including: further standardizing the start date of payment terms, clarifying that payment terms are calculated from the date the supplier delivers goods, works, or services and accepts them; further standardizing acceptance procedures, requiring automobile enterprises to complete the acceptance of general production materials such as parts within 3 working days after receiving goods, works, or services, and to complete the acceptance of functional parts requiring vehicle verification within 5 working days; and further standardizing payment methods, encouraging the use of cash payments and prohibiting the coercion or disguised coercion of suppliers to accept non-cash payment methods such as bank acceptance bills, commercial acceptance bills, and supply chain bills.

Stellantis subsidiary found guilty in U.S. diesel pollution investigation and fined $300 million

Charlie Brooks

Aug 02, 2022 10:21

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Monday, after pleading guilty to criminal conspiracy in June, the U.S. branch of Fiat Chrysler Automobiles was forced to pay almost $300 million to resolve a multi-year diesel emissions fraud probe by the Justice Department.


FCA US LLC, previously Chrysler Group LLC, signed an agreement with the Justice Department to forfeit $203.6 million and pay a $96.1 million punishment. Additionally, the FCA US division of Stellantis NV was sentenced to three years of organizational probation.


More than 100,000 Jeep Grand Cherokee and Ram 1500 diesel vehicles produced in the United States between 2014 and 2016 were reportedly marketed with falsified emissions data.


The Department of Justice alleges that FCA conspired to cheat on U.S. emissions tests.


The $300 million criminal fine "is the outcome of a three-year investigation," as stated by Assistant Attorney General Todd Kim. This resolution underscores the Justice Department's commitment to holding businesses accountable for misleading authorities.


The government emphasized that FCA US had previously paid a $311 million civil penalty and over $183 million in compensation to over 63,000 diesel class action claimants.


The automaker must conduct an initial evaluation of its compliance with the Clean Air Act and inspection and testing procedures, submit a report, and produce at least two more reports. Reuters was the first to report the planned settlement in May.


According to the Justice Department, FCA US utilized deceptive software features to avoid regulatory scrutiny and falsely help diesel vehicles in complying with pollution laws.


Stellantis previously asserted that it had amassed 266 million euros in compensation funds. FCA merged with Peugeot (OTC:PUGOY) maker PSA in 2021 to become Stellantis.


Three FCA US employees are now awaiting trial on allegations of conspiring to defraud the United States and violating the Clean Air Act.


Volkswagen (ETR:VOWG p) pleaded guilty to criminal charges to settle its own pollution problem affecting around 600,000 U.S. automobiles in the "Dieselgate" controversy five years previously. Volkswagen has paid more than $30 billion in connection with this matter.

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